5.05.2011

Does It Make Sense to Continue Pag-ibig Fund Membership?


Updated April 2015:

Is there benefit in continuing one's Pag-ibig Fund membership after leaving the corporate world and going into business, self-employment or employment abroad?

Yes, and here are the reasons:

  • Higher Interest Rate
    Pag-ibig uses a rate higher than that used by banks for savings and time deposit accounts.
  • Low-interest Housing Loan
  • Low-interest Short-term Loan
  • Option to Start a 5-Year Savings Account
    There's a 5-year savings program, separate from the original savings program.
    You can claim this after the 5-year term.
  • Increase in savings for retirement
    Obviously, you'll have more money if you add more to the savings you accumulated when you were still employed.
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